748 Boardwalk Rear

Ocean City, NJ
$ 4,500,000 Beds 0 Baths 0 Virtual Tour
Monthly Estimate* How much can I afford?

Rare opportunity to purchase 1.0 acre of land on the beach block. Developers/Investors this is your chance to build a new hotel and/or condos on the beach block in Ocean City, NJ. When have you ever seen a full acre for sale in the Hospitality Zone. Central Boardwalk Parking is located behind the Promenade Food Court adjacent to the boardwalk. Currently used as a parking lot with estimated 140 parking spots, this property is located in the "Hospitality Zone" in OCNJ so the possibilities are limitless. Close to the Music Pier, shopping, restaurants, amusement rides, and much more. Keep it as a parking lot and continue to generate income with little expenses or overhead or develop the property. This is all about LOCATION! See attached survey and allowable uses from the city. Also, this property has 2 tax parcels,748 Boardwalk & 821 E 8th St the List price includes both tax parcels

Commercial

  • Price
  • $ 4,500,000
  • Lot Size
  • 1 Acres
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • Half Bathrooms
  • 0
  • City, Zip
  • Ocean City
  • Taxes
  • 13218
  • County
  • CAPE MAY
  • Style
  • Parking Lot,Hotel/Motel,Bed and Breakfast,Apartme
  • Area
  • Ocean City City
  • MLS#
  • NJCM104478
  • Zip
  • 08226
Listing Provided by: BHHS Fox & Roach-New Hope

Features

General

Accessibility None
Business Type Other, Parking Lot, Hotel/Motel, Bed and Breakfast, Apartment Building
Construction Materials Asphalt
Cool Fuel None
Cooling None
County CAPE MAY
Heating None
Historic Y/N No
MLS Area Ocean City City (20508)
New Construction No
Ownership Fee Simple
Parking Features Paved Parking
Possession Settlement
Property SubType Land for Commercial Use
Property Type Commercial Sale
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2019
Utilities Electric Available
Vacation Rental Y/N No
View Ocean
Water Access Y/N No
Zoning HOSPITALITY ZONE
Zoning Description Hospitality Zone, development potential includes but is not limited to Hotel, Condos, Motel, Mixed Use Retail, etc

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 0.00
Car Parking Spaces 142
Fencing Y/n Yes
Lot Size Acres 1.00
Lot Size Source Assessor
Lot Size Square Feet 43560.00
Navigable Water Y/N No
Road Surface Type Black Top
Total Parking Spaces 142
Type of Parking Parking Lot
Water Body Type Ocean
Water Oriented Y/N Yes
Water Source Public
Water View Y/N Yes
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,068

Per Month

Based on the average sale price from the Villas, NJ office

  • Monthly Principal & interest $1,939
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/22/2020 Listed $4,500,000

Property vs Zip Code Average in 08226

Price
AVG $540K
$4.5M
Taxes
AVG $13,218
$13,218
Visits
AVG 17
6
Walkscore
AVG 73
59
Data Provided by Walkscore ® not using MLS data

Map

748 Boardwalk Rear Ocean City, NJ is a Single Family Home for sale at $4500000 and a lot size of 1 Acres Acre(s). 748 Boardwalk Rear Ocean City has 0 bedrooms, 0 baths . The property's zip code is 08226 which is in Ocean City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 4.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.